The only quantities of good 1 that Irene can buy are 1 unit or 0 units.For all positive values of x₂, Irene's preferences are represented by the utility function (x₁ + 10)(x₂ + 2).If her income is $8 and the price of good 2 is $1, then Irene's reservation price for good 1 is A)$1.82. B)$1.50. C)$.91. D)$5. E)$.10.

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The Answer of The only quantities of good 1 that Irene can buy are 1 unit or 0 units.For all positive values of x₂, Irene's preferences are represented by the utility function (x₁ + 10)(x₂ + 2).If her income is $8 and the price of good 2 is $1, then Irene's reservation price for good 1 is A)$1.82. B)$1.50. C)$.91. D)$5. E)$.10.

The Only Quantities of Good 1 That Irene Can Buy